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BTGD vs QLD

STKd 100% Bitcoin & 100% Gold ETF

BTGDDNasdaq

ProShares Ultra QQQ

QLDANYSE Arca

Overlap

Expense ratio

QLD −0.20pt a year

BTGD1.09%QLD0.89%

Avg volume · 30D

QLD 180.5×the volume

BTGD23KQLD4.15M

BTGD vs QLD Performance

Oct 31, 2025 – Oct 30, 2026

−44.9%BTGD+10.7%QLD

Oct 31, 2025 to Oct 30, 2026. BTGD −44.9%. QLD +10.7%. Use the arrow keys to read each point.−20%0%40%Oct 2025Apr 2026Oct 2026
Expense ratio
BTGD 1.09%
QLD 0.89%, better
Fund size
BTGD $46M
QLD $13.3B
1Y total return
BTGD −44.9%
QLD +10.7%, better
Yield (12M)
BTGD 5.12%, better
QLD 0.15%
Holdings
BTGD 4
QLD 113
Avg volume (30D)
BTGD 23K sh
QLD 4.15M sh, better
NAV per share
BTGD $24.69
QLD $82.56
52W range

ETF.net Grade

BTGD: Cost 17, Risk 24, Mission 16, Tradability 56, Holdings 32, Durability 60. QLD: Cost 72, Risk 66, Mission 95, Tradability 100, Holdings 72, Durability 81.
Pillar letters and Scores for BTGD, QLD, with each pillar’s weight
PillarBTGDQLD
Cost30% weightF17A72Higher
Mission25% weightF16A95Higher
Risk15% weightF24B66Higher
Tradability15% weightB56A100Higher
Holdings10% weightD32A72Higher
Durability5% weightB60A81Higher

Rank among Leveraged Long (2x & Other) funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. BTGD and QLD are both graded against the same 95 Leveraged Long (2x & Other) funds, so their Grades compare head to head.

Leveraged Long (2x & Other)⁠

Category · 95 funds
See all 95 ›

QLD ranks 1st and BTGD 84th of 95 funds in the Leveraged Long (2x & Other) Category.

  1. Rank 1AQLDProShares Ultra QQQScore 77
  2. Rank 2AUYGProShares Ultra FinancialsScore 74
  3. Rank 83DUGLDDirexion Daily Gold Bull 2X ETFScore 31
  4. Rank 84DBTGDSTKd 100% Bitcoin & 100% Gold ETFScore 30
  5. Rank 84DFDRXCorgi Founder-Led 2x Daily ETFScore 30

Our read on each fund

ETF.net Research

BTGDDSTKd 100% Bitcoin & 100% Gold ETF

QLDAProShares Ultra QQQ

In short

BTGD One ticker, two hard-money bets: every dollar in targets about a dollar of bitcoin exposure and a dollar of gold exposure, stacked on top of each other with futures inside a 1940 Act fund.

QLD The 2x dial on the Nasdaq-100. QLD aims for twice the index's daily move, half the dose of the 3x crowd, and it has been running that playbook since 2006. The multiple resets every session.

Stated mandate

BTGD The Fund seeks long-term capital appreciation through an actively managed strategy combining bitcoin and gold exposures, obtained through U.S.-listed futures contracts and pooled investment vehicles.

QLD The fund seeks daily investment results, before fees and expenses, equal to twice the daily performance of the Nasdaq-100 Index.

Why people hold it

  • BTGD Stacked design: $1 invested aims for roughly $1 of bitcoin exposure plus $1 of gold exposure, so you are not splitting one wallet between the two.sec.gov
  • Runs the plumbing for you: futures and low-cost ETPs held through a Cayman subsidiary, bought and sold in a brokerage account. No exchange logins, no vault.sec.govsec.gov 2
  • The original of its kind. Launched October 2024 as the first ETF to stack bitcoin and gold exposure in one wrapper, and it is actively managed.businesswire.com
  • QLD Costs 0.89% net of a waiver through September 30, 2027 (0.96% gross), below the leveraged-bull category median and under Ultra stablemates ROM (0.93%) and DDM (0.95%).
  • Hits its stated daily 2x mark with very little drift, one of the tighter implementations among the roughly 100 leveraged bull funds in its group.
  • A multi-billion-dollar, actively traded fund, so entering and exiting rarely means hunting for the other side of the trade.
  • Trading since June 2006, which makes it one of the longest-running leveraged equity funds on the US shelf rather than a recent product-shelf experiment.

Worth knowing

  • BTGD Costs 1.09% a year, above the leveraged-bull norm. ProShares' QLD runs 0.89%, net of a waiver through September 30, 2027.
  • Leverage runs both directions: about 200% notional means a bad stretch in both sleeves compounds downward, and futures financing is a steady drag.sec.govsec.gov 2
  • It owns futures and fund shares, not bullion or coins, and it is a small, thinly traded fund. Limit orders are your friend here.sec.gov
  • QLD The 2x objective covers one day only. Hold longer and daily resets plus compounding can push results away from twice the index's move over that stretch, in either direction.proshares.com
  • Magnification runs both ways: a down day in the Nasdaq-100 lands on shareholders at roughly double size, same as an up day.
  • Cheap for geared exposure, still well above a plain unleveraged Nasdaq-100 tracker. The waiver is set to lapse September 30, 2027, after which the 0.96% gross rate applies unless renewed.

Full BTGD profile⁠

Full QLD profile⁠

BTGD vs QLD Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BTGD vs QLD Cost

Overpaying BTGD vs QLD

$3,261

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BTGD 1.09%

    $20,133

  • QLD 0.89%

    $16,872

$10,000
30 years

Cost over time

  • BTGD 1.09%
  • QLD 0.89%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530BTGD $20,133QLD $16,872

Year by year

YearBTGDQLDOverpaying
10$1,915$1,576$339
20$7,166$5,953$1,213
30$20,133$16,872$3,261

Expense ratio

  • 1.09%BTGD
  • 0.89%QLD, cheaper
  • Middle half of Leveraged Long (2x & Other) funds
  • Median 0.95%

QLD 28th cheapest of 95 funds

BTGD 82nd cheapest of 95 funds

BTGD vs QLD Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
BTGD 5.12%, better
QLD 0.15%
Payout (12M)
BTGD $1.15
QLD $0.12
Last payment
BTGD $1.15
QLD $0.03
Ex-dividend
BTGD Dec 30, 2025
QLD Sep 23, 2026
Paid on
BTGD Dec 31, 2025
QLD Sep 29, 2026
Frequency
BTGD Irregular
QLD Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

BTGDIrregular · 2 paymentsAll BTGD payments⁠
One bar per payment. 2 payments from 2017 to 2026 YTD. Dec 23, 2024 $0.05; Dec 30, 2025 $1.15. Use the arrow keys to read each point.$0$12017202020232026YTD
QLDQuarterly · 21 paymentsAll QLD payments⁠
One bar per payment. 21 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.0012; Jun 21, 2017 $0.00044; Dec 26, 2018 $0.005; Mar 20, 2019 $0.0078; Jun 25, 2019 $0.0052; Dec 24, 2019 $0.0062; Mar 25, 2020 $0.0011; Dec 22, 2022 $0.05; Sep 20, 2023 $0.09; Dec 20, 2023 $0.04; Mar 20, 2024 $0.03; Jun 26, 2024 $0.05; Sep 25, 2024 $0.03; Dec 23, 2024 $0.03; Mar 26, 2025 $0.01; Jun 25, 2025 $0.06; Sep 24, 2025 $0.02; Dec 24, 2025 $0.02; Mar 25, 2026 $0.01; Jun 24, 2026 $0.06; Sep 23, 2026 $0.03. Use the arrow keys to read each point.$0$12017202020232026YTD

BTGD vs QLD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BTGD 54.5%since Nov 2024QLD 36.7%
Return per unit of riskSharpe ratio, 3 years
BTGD 0.27since Nov 2024QLD 1.04
Worst fallMax drawdown, 5 years
BTGD −58.8%since Oct 2024QLD −63.7%
Market sensitivityBeta, 5 years
BTGD 1.84QLD 2.46

BTGD and QLD in the news

All news⁠

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